One Wall Street rendering (l, via Core) and Red Room circa May 2019 (r, via DBOX)
While the transformation of One Wall Street, the Art Deco building once used as headquarters for Irving Trust Company, is being touted at New York’s largest office-to-condo conversion, none of it comes at the expense of the historic design by “architect of the century” Ralph Walker. Thanks to its status as a New York City landmark, the exteriors of the building are largely protected. The spirit of preservation applies to the interiors as well, where one of New York’s most iconic spaces is being restored to its former glory.
Red Room circa May 2019 via DBOX
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The banking hall known as the Red Room was designed by muralist Hildreth Meiere in 1931. Eighty-eight years later, the space with 8,911 square feet of oxblood, orange, and gold glass tile mosaic covering the walls and ceilings is about to shine as brightly as in its heyday. The 16-month, $1 million project includes mending damaged tile, grouting, and shining. When the doors open to the public, most likely in 2021, it will likely become retail space far more lavish than Whole Foods, which has been confirmed for 44,000 square feet, and the big box retailers that have expressed interest in the remaining space.
Restoration work via DBOX
In addition to the pride of living in a New York City landmark, future residents of One Wall Street will have access to 100,000 square feet of amenities. These will include an enclosed pool and 39th floor roof deck. All apartments will feature panoramic views, engineered wood floors, kitchens with Miele appliances, and in-unit washer/dryers. Of the 556 units, 47 will come with private terraces via a dozen setbacks. Opening is estimated for 2020.
Prices are not yet available ahead of a planned sales launch for fall, but an accepted offering plan lists a $1.686 billion sellout. According to CityRealty data, these should come in well above the Financial District average condo price of $1,253 per square foot.
Red Room circa May 2019 via DBOX
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